India is exploring the possibility of setting up a 200 metric tonne oil palm refinery, a cocoa processing plant, a gold refinery and help with the Pharmapark initiative of the Ministry of Trade and Industry.
This came to the fore when a when a 16-member delegation of Indian businessmen, led by Ghana’s High Commissioner to India, Michael Oquaye, called on the Vice President Mahamudu Bawumia at the Jubilee House.
Vice President Bawumia urged the prospective investors, particularly those from India, to take advantage of the increasingly business-friendly environment being created by government to set up businesses in Ghana.
He also assured the investor community of adequate protection and market for their investments, and expressed Government’s willingness to engage with anyone who has genuine proposals.
Recalling the long and warm relations that have existed between Ghana and India since she gained Independence, including the Non Aligned Movement (NAM), Vice President Bawumia said government is looking forward to further strengthen business relations through investments in each other’s country.
He said government envisages a partnership with India especially for the goverment’s flagship program, One District One Factory.
Dr. Bawumia urged the delegation and their counterparts back home to help achieve the President’s vision of a Ghana beyond Aid.
For his part, Ghana’s High Commissioner to India, Ambassador Mike Oquaye stated that many more Indian businesses have indicated their preparedness to take up investment opportunities in Ghana, and he will be working with them to help achieve President Akufo-Addo’s development aspirations for the country.
The delegation had earlier called on the Minister of Trade and Industry, the President of the Association of Ghana Industries, Board Chairman of the Ghana Export Promotion Board, Chief Executive of the Ghana Investment Promotion Council and the National Coordinator of the One District One Factory Secretariat, the Precious Minerals Marketing Company and the Food and Drugs Authority.